Fujifilm to Acquire U.S. Firm SonoSite

By

Hiroyuki Kachi

Updated Dec. 16, 2011 12:01 a.m. ET

Fujifilm Holdings Corp. said Thursday it has reached an agreement to buy U.S. medical-equipment maker SonoSite Inc. for $995 million, in the latest instance of Japanese companies hunting down overseas peers to make up for dim prospects at home.

The Tokyo-based maker of cameras, copiers and medical equipment said it will acquire all the outstanding common shares of SonoSite through what will be an all-cash tender offer of $54 per...